X hits on this document

PDF document

NAIC’s Compendium of State Laws on Insurance Topics - page 6 / 22

186 views

0 shares

3 downloads

0 comments

6 / 22

§ 431.14-120 (amendments pending)

prior approval (90 day wait period)

title

No provision

§§ 41-1606 to 41-1608

prior approval (60 days)

worker’s compensation

use and file

other p/c lines

§ 41-2706 Reg. tit. 50 §§ 754.10 to 754.40

prior approval use and file (10 days)

title Private passenger auto, taxicabs, motorcycles, homeowners (including mobile homeowners), allied lines, dwelling fire, liquor liability

215 ILCS 5/457; Reg. tit. 50 §2902

use and file (30 days if a competitive market)

worker’s compensation

215 ILCS 5/457

file and use (30 days if noncompetitive market)

worker’s compensation

215 ILCS 5/155.18; Medical Liability Rates Regulation 929

file and use

medical malpractice

215 ILCS 5/400.1

file and use

group inland marine

no filing

other p/c lines, title

© 2006 National Association of Insurance Commissioners

25 of the insureds affected by a rate increase may request a hearing. Burden is on the company to justify a rate increase.

II-PA-10-6

Assumption of competitive market unless hearing by commissioner determines otherwise.

STATE

HI (5/06)

ID (5/06)

IL (5/06)

NAIC’s Compendium of State Laws on Insurance Topics

RATE FILING METHODS FOR PROPERTY/CASUALTY INSURANCE, WORKER’S COMPENSATION, TITLE

5/06

CITATION

§ 431:14-104 (amendments pending)

FILING METHOD

prior approval (30 day wait period)

workers compensation

COMMENTS

Commissioner may require insurers to submit new filings for any type of coverage when the commissioner has actuarially sound information that the rates are excessive, inadequate or unfairly discriminatory.

§ 431:20-120 stipulates that title insurers shall keep a complete file of its schedules of premiums and charges and amendments thereto until at least 5 years after they ceased to be in effect. File shall be available for the commissioner’s inspection.

NCCI makes filings.

Ask companies to file their rates.

p/c

LINES

Document info
Document views186
Page views213
Page last viewedSun Dec 04 08:37:41 UTC 2016
Pages22
Paragraphs890
Words4635

Comments